IFFCO’s Liquid Nano Di-Ammonia Phosphate (DAP)

May 1, 2023

On April 26th, 2023, Union Home Minister Amit Shah launched IFFCO’s liquid nano Di-Ammonia Phosphate (DAP), marking an important step towards making India self-reliant in the field of fertilizers. The Nano DAP, which has been manufactured by the cooperative major IFFCO, has been notified by the Centre in the Fertilizer Control Order, which regulates the sale, pricing, and distribution of fertilizers in India.

The Significance of the Launch of Nano DAP

The launch of Nano DAP is expected to revolutionize the Indian agriculture industry and make the country self-reliant in the production of fertilizers. It is expected to boost India’s food grain production, ensuring food security and self-reliance. It will also help India achieve the goal of minimizing the use of granular DAP by about 90 lakh metric tons.

IFFCO’s Contribution to Fertilizer Production in India

Of the total fertilizer production of 384 lakh metric tonnes (LMT) in India, 132 LMT has been contributed by the cooperative societies, out of which 90 LMT has been produced by IFFCO.

In May 2021, IFFCO had launched Nano Urea, which has resulted in a decrease of seven lakh metric tonnes of urea import in the country in 2021-22. Till March this year, 6.3 crore bottles of Nano Urea have been manufactured.

About IFFCO

IFFCO (Indian Farmers Fertiliser Cooperative Limited) is a cooperative society that operates in multiple states in India. The ownership of IFFCO is solely in the hands of Cooperative Societies of India. The primary business of IFFCO is to manufacture and sell fertilizers. It was established in 1967 and began with only 57 member cooperatives. Today, it is considered the world’s largest cooperative society in terms of turnover on GDP per capita (according to World Cooperative Monitor 2021) and has over 35,000 member cooperatives that serve more than 50 million farmers in India.

IFFCO is the largest manufacturer of fertilizers in India and has a market share of approximately 19% in urea and around 31% in complex fertilizers (in P2O5 terms). As of 2017, the cooperative was ranked 66th on the Fortune India 500 list of the country’s largest corporations. Its net worth was estimated to be $2.6 billion as of March 2021.

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